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User2060 ago

Huffington Post article:

"The trolls and narrowminded Bitcoin bagholders pushing Ethereum “Classic” on an unsuspecting public are not the ultimate reason I’m selling off much of my Bitcoin tonight - that’s just another indication to me that Bitcoin is in a weak position. Ultimately, however, my decision is grounded in economic self-interest. I see optimism and amazing ideas being built out in Ethereum, and I don’t see anything close to this level in Bitcoin at the moment. Shortly after I file this story, I’ll be selling off 80% of my personal Bitcoin holdings; or more accurately, converting them into Ether, on Coinbase."

LOL, it's now worth more than gold since a week, which is kinda great but not that great where the sellers take 15-20% commission and my currency is the CAD which sucks since 2 years... Thankfully I had what was worth 8 USD of btc in my wallet, now it's worth 21. I watch it grow every 2 days by 1.50 or so. It's also a bad sign....get all your cash from the ATM or an actual teller out of the bank and fast....just wait and see and if there's no strange economic problems showing up until next winter (nov 2017) or so, then you can put money in the bank again, but right now I'd consider buying btc and silver certs, not using all your paper (well in Canada it's plastic now, impossible to make fake CADs, they haven't found anybody able to replicate them anyway since they came out in late 2012.

roundhouse1776 ago

Yep, money in the bank will be the first to be wiped out, they can do it with a few strokes of the keyboard. Next vulnerable is cash, because people will stop accepting it as currency, aftet that crypto currency. Precious metals will hold value the longest in an apocalyptic event, but the ultimate currency is goods and food and ways to create those things.

User2060 ago

Agreed, but people have been saying that DA COLLAPSE would happen since Nixon...still waiting for it, like the gun grabbing...I don't think it's there yet at all, the money that makes the fiat system works still because, just imagine the dark budgets of trillions of dollars we know exist and such, the army being 30 years ahead everyone, at least often in prototypes of stuff. Here in Canada it would be fine if the money was all printed by the Bank of Canada, but a Prime Minister we had for a short time but who was the Minister of Economy for almost 20 years says it would create inflation so unnacceptable that blah blah blah, meanwhile, the bank of canada prints 2-3% of debt-free money, and the rest is printed by a German company at interest every year. People should ignore when they speak of the "debt", it's impossible to pay, don't pay, fuck them, even if my country is one of the western country with the lowest debt in the G20. I gotta say muslims have something right about Banking.

But here is where a few Economy students interviewing our ex prime minister and mostly ex economy minister getting caught in his circular logic about how it would be bad if the Bank of Canada printed all of its money debt free :

Former PM of Canada Paul Martin - Where Does Money Come From?

VieBleu ago

FYI roundhouse1776 is a discredited shill that works with armyseer, as of this thread - https://voat.co/v/pizzagate/1700438